Questions Library Business Set Up, Contracts, Regulatory Compliance Can I Start My Business As A Sole Trader And Move To A Company As I Grow?
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Can I Start My Business As A Sole Trader And Move To A Company As I Grow?

Answer

Yes, you can change from a sole trader to a company. Many businesses do this as they grow and seek capital raising opportunities and to limit their liability.

To change from a sole trader to company structure, you’ll need to register a company, transfer your assets, and cancel your National Insurance contributions as a sole trader.

Alex is Sprintlaw’s co-founder and principal lawyer. Alex previously worked at a top-tier firm as a lawyer specialising in technology and media contracts, and founded a digital agency which he sold in 2015.

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